Royal Ambulance 401(k) Review & Grade
Royal Ambulance 401(k) Plan
San Leandro, CAHealth Care & Social Assistance516 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$580Employer $ per active participant
$1,186Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.2 / 5038th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 7th |
| Employee saving | 27th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,483 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Royal Ambulance put in about $580 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.94% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $299,153 |
| Participant (employee) contributions | $611,141 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $40,883 |
| Benefits paid out | $341,738 |
| Net assets, start / end of year | $3.8M / $4.9M |
| Active participants, start / end of year | 521 / 510 |
| Participants with account balances | 109 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20260824113552NAL0028050051001, received 2026-08-24, EIN 20-3318788, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.